Arkham Intelligence: Tesla Still Owns Bitcoin Transferred Last Week

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BlockStreet
11 hours ago
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"Just an internal fund circulation last week"

Arcane Intelligence "Tesla still owns the <BTC> transferred last week"
It was revealed that Tesla, which had caused a stir in the market by transferring about 11,509 to 7 new wallets last week, still owns the .

Arcane Intelligence, an on-chain analysis platform, announced in a report released on the 22nd that the movement of the transferred and the new wallets also appear to be owned by Tesla.

The amount of transferred from Tesla's ownership to the new wallets last week was about $776 million (about 1.07 trillion won) at the time.

Arcane Intelligence said, "The transfer movement shown by Tesla last week seems to be just a circulation of funds within the company's own wallets," and "Tesla just moved a large number of it holds to (the company's) new wallets."

Tesla is a company closely related to . Elon Musk, CEO of Tesla, declared in February 2021 that he would use as a payment method for Tesla's electric vehicles, leading to a surge in , but suddenly withdrew his position by citing environmental issues, leading to a sharp drop in .

Reporter Kwon Seung-won ksw@

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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